Can I retire at age 51 with 18,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,453,347
2 years$764,470$750,232$736,434$723,055$710,078$672,223
3 years$504,584$490,285$476,521$463,268$450,503$413,794
4 years$374,667$360,411$346,785$333,759$321,302$286,023
5 years$296,736$282,567$269,120$256,359$244,249$210,496
6 years$244,800$230,737$217,489$205,012$193,266$161,073
7 years$207,717$193,773$180,734$168,552$157,177$126,547
8 years$179,918$166,099$153,277$141,394$130,393$101,313
9 years$158,307$144,619$132,017$120,436$109,810$82,254
10 years$141,029$127,475$115,096$103,817$93,564$67,499
11 years$126,902$113,483$101,328$90,352$80,468$55,856
12 years$115,137$101,856$89,926$79,251$69,732$46,530
13 years$105,190$92,048$80,343$69,967$60,807$38,969
14 years$96,672$83,669$72,189$62,109$53,303$32,780
15 years$89,296$76,434$65,177$55,390$46,933$27,673
16 years$82,848$70,126$59,092$49,596$41,479$23,431
17 years$77,165$64,584$53,772$44,561$36,778$19,888
18 years$72,119$59,678$49,087$40,159$32,702$16,916
19 years$67,609$55,309$44,936$36,287$29,148$14,414
20 years$63,555$51,396$41,240$32,865$26,035$12,299
21 years$59,893$47,873$37,933$29,827$23,299$10,508
22 years$56,567$44,688$34,961$27,119$20,884$8,987
23 years$53,535$41,796$32,281$24,698$18,747$7,693
24 years$50,760$39,160$29,854$22,526$16,850$6,591
25 years$48,211$36,750$27,651$20,572$15,162$5,650
26 years$45,862$34,539$25,645$18,810$13,658$4,846
27 years$43,691$32,505$23,813$17,217$12,314$4,158
28 years$41,678$30,629$22,138$15,775$11,111$3,570
29 years$39,808$28,895$20,601$14,466$10,033$3,066
30 years$38,065$27,288$19,189$13,276$9,065$2,633
31 years$36,438$25,797$17,889$12,193$8,196$2,263
32 years$34,916$24,409$16,691$11,206$7,414$1,945
33 years$33,489$23,116$15,585$10,305$6,709$1,672
34 years$32,149$21,908$14,561$9,481$6,075$1,437
35 years$30,888$20,780$13,614$8,728$5,502$1,236
36 years$29,700$19,723$12,735$8,038$4,985$1,063
37 years$28,579$18,732$11,920$7,406$4,518$914
38 years$27,519$17,802$11,163$6,826$4,096$786
39 years$26,516$16,928$10,458$6,294$3,714$676
40 years$25,566$16,106$9,802$5,806$3,369$582
41 years$24,664$15,331$9,192$5,356$3,057$500
42 years$23,808$14,601$8,622$4,943$2,774$431
43 years$22,993$13,912$8,091$4,563$2,517$370
44 years$22,218$13,261$7,594$4,213$2,285$319
45 years$21,480$12,645$7,131$3,891$2,074$274
46 years$20,775$12,063$6,698$3,594$1,883$236
47 years$20,103$11,512$6,292$3,321$1,710$203
48 years$19,460$10,990$5,913$3,068$1,553$175
49 years$18,846$10,495$5,558$2,836$1,410$150
50 years$18,258$10,025$5,225$2,621$1,281$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $18,700,000, adding $2,314 every year, while hoping to spend $44,431 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/20/28 Blend
50$18,700,000$18,700,000$18,700,000$18,700,000
51$20,609,787$19,618,687$19,328,837$21,519,439
52$22,664,711$20,532,728$19,929,079$23,066,043
53$24,927,748$21,490,069$20,547,939$24,742,898
54$27,420,079$22,492,783$21,185,996$26,566,224
55$30,165,043$23,543,045$21,843,843$28,550,025
56$33,188,359$24,643,136$22,522,094$30,709,696
57$36,518,368$25,795,446$23,221,380$33,062,160
58$40,186,299$27,002,480$23,942,353$35,626,027
59$44,226,564$28,266,864$24,685,685$38,421,764
60$48,677,087$29,591,354$25,452,069$41,471,879
61$53,579,655$30,978,835$26,242,218$44,801,131
62$58,980,315$32,432,334$27,056,868$48,436,756
63$64,929,813$33,955,024$27,896,779$52,408,716
64$71,484,065$35,550,231$28,762,731$56,749,980
65$78,704,690$37,221,442$29,655,533$61,496,822
66$86,659,590$38,972,315$30,576,015$66,689,161
67$95,423,591$40,806,681$31,525,035$72,370,927
68$105,079,149$42,728,560$32,503,475$78,590,471
69$115,717,128$44,742,165$33,512,247$85,401,008
70$127,437,657$46,851,914$34,552,290$92,861,115
71$140,351,079$49,062,438$35,624,572$101,035,275
72$154,578,985$51,378,593$36,730,091$109,994,472
73$170,255,368$53,805,471$37,869,876$119,816,857
74$187,527,886$56,348,410$39,044,988$130,588,470
75$206,559,255$59,013,007$40,256,519$142,404,043
76$227,528,785$61,805,130$41,505,598$155,367,888
77$250,634,072$64,730,932$42,793,387$169,594,861
78$276,092,864$67,796,865$44,121,083$185,211,443
79$304,145,118$71,009,694$45,489,921$202,356,913
80$335,055,262$74,376,510$46,901,175$221,184,658
81$369,114,692$77,904,752$48,356,157$241,863,597
82$406,644,523$81,602,218$49,856,221$264,579,773
83$447,998,621$85,477,083$51,402,761$289,538,082
84$493,566,942$89,537,922$52,997,216$316,964,202
85$543,779,215$93,793,725$54,641,067$347,106,698
86$599,108,995$98,253,917$56,335,843$380,239,357
87$660,078,139$102,928,385$58,083,120$416,663,754
88$727,261,726$107,827,493$59,884,521$456,712,077
89$801,293,490$112,962,109$61,741,721$500,750,247
90$882,871,804$118,343,629$63,656,446$549,181,349
91$972,766,266$123,984,005$65,630,475$602,449,416
92$1,071,824,972$129,895,768$67,665,643$661,043,602
93$1,180,982,516$136,092,059$69,763,839$725,502,771
94$1,301,268,820$142,586,657$71,927,015$796,420,565
95$1,433,818,848$149,394,011$74,157,179$874,450,976
96$1,579,883,329$156,529,276$76,456,402$960,314,502
97$1,740,840,557$164,008,339$78,826,820$1,054,804,912
98$1,918,209,411$171,847,864$81,270,635$1,158,796,718
99$2,113,663,685$180,065,324$83,790,116$1,273,253,394
100$2,329,047,898$188,679,043$86,387,603$1,399,236,444